DUmmies cheer 1%er who paid less than 25% income tax

[BannedFromDU]

Fri Apr 15, 2022, 06:34 PM

Star Member brooklynite (77,656 posts)

Biden releases tax return, reports paying 24.6 percent rate
Source: Politico

President Joe Biden and his wife paid $150,439 in federal income taxes on $610,702 in 2021 earnings, they said in a tax return released Friday.

That translates into an effective rate of 24.6 percent.

The Bidens also reported giving $17,394 to charity.

The release comes before the April 18 filing deadline, and it marks a continuation of what had been a decades-old tradition of presidents voluntarily releasing their tax returns that had been broken by former President Donald Trump.


Read more: https://www.politico.com/news/2022/04/15/biden-tax-return-00025643

See, I thought the rich, like the Bidens, who have income of over $600k but who have in-kind income of MILLIONS, should be taxed at 90%, like they claim people paid during the Eisenhower era.

Instead, DU is trumpeting this super-low average tax rate.

So they're full of shit: if you make, say, over $500k, your "fair share" according to DU is less than 25%. Not 90% or whatever they've droned on about for years.

Thanks, DUmmies. **** off now.

[DUmpDiver]

Not only that but they netted $450K+ and gave less than a measly 4% to charity, f'n cheapskates.

[BannedFromDU]

See, I thought the rich, like the Bidens, who have income of over $600k but who have in-kind income of MILLIONS, should be taxed at 90%, like they claim people paid during the Eisenhower era.

Instead, DU is trumpeting this super-low average tax rate.

So they're full of shit: if you make, say, over $500k, your "fair share" according to DU is less than 25%. Not 90% or whatever they've droned on about for years.

Thanks, DUmmies. **** off now.

PS - if your average tax rate is < 25%, the portion of your income taxed at 90% marginal rate is really small, or the marginal tax rate on the first dollars earned is really tiny. So spare me, DUmmies.

[Wineslob]

The release comes before the April 18 filing deadline, and it marks a continuation of what had been a decades-old tradition of presidents voluntarily releasing their tax returns that had been broken by former President Donald Trump

.


This is what they are really "proud" of.


Make note of "voluntarily"  and "tradition", DUmmies. Not "required" like you buffoons claimed with Trump.

[Old n Grumpy]

President Joe Biden and his wife paid $150,439 in federal income taxes on $610,702 in 2021 earnings

But the crooked sob didn't pay a penny on the tens of millions he got under the table from Russia, China and the Ukraine.

[landofconfusion80]

Not only that but they netted $450K+ and gave less than a measly 4% to charity, f'n cheapskates.

It did go to the human fund, so that's nice

[USA4ME]

It’s also embarrassing that on an income of over $600K they only gave $17,400 to charity. At minimum they should have given $60K.

.